View ValuationHanon Systems 향후 성장Future 기준 점검 3/6Hanon Systems (는) 각각 연간 67% 및 4.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 69% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 6.9% 로 예상됩니다.핵심 정보67.0%이익 성장률68.99%EPS 성장률Auto Components 이익 성장15.6%매출 성장률4.2%향후 자기자본이익률6.90%애널리스트 커버리지Good마지막 업데이트19 May 2026최근 향후 성장 업데이트Price Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.Price Target Changed • Nov 04Price target increased by 10% to ₩3,628Up from ₩3,284, the current price target is an average from 20 analysts. New target price is 18% below last closing price of ₩4,430. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₩60.39 next year compared to a net loss per share of ₩659 last year.Price Target Changed • Aug 20Price target decreased by 7.9% to ₩3,433Down from ₩3,728, the current price target is an average from 18 analysts. New target price is 5.4% below last closing price of ₩3,630. Stock is down 11% over the past year. The company is forecast to post a net loss per share of ₩67.75 next year compared to a net loss per share of ₩659 last year.Major Estimate Revision • Aug 16Consensus estimates of losses per share improve by 50%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩10.5b to ₩10.8b. EPS estimate increased from -₩89.92 per share to -₩45.00 per share. Auto Components industry in South Korea expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at ₩3,711. Share price fell 7.7% to ₩3,160 over the past week.Major Estimate Revision • May 09Consensus EPS estimates fall by 66%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -₩57.21 to -₩94.81 per share. Revenue forecast unchanged at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 8.6% next year. Consensus price target broadly unchanged at ₩3,995. Share price fell 5.1% to ₩3,335 over the past week.Major Estimate Revision • Apr 24Consensus EPS estimates upgraded to ₩57.21 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -₩63.73 to -₩57.21 per share. Revenue forecast steady at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at ₩4,080. Share price rose 5.0% to ₩3,555 over the past week.모든 업데이트 보기Recent updatesPrice Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).공시 • Apr 15Hanon Systems to Report Q1, 2026 Results on Apr 30, 2026Hanon Systems announced that they will report Q1, 2026 results on Apr 30, 2026공시 • Apr 01Hanon Systems Supplies Highly Integrated Cooling Entity for Electric VehiclesHanon Systems announced the company is supplying its innovative highly integrated cooling entity for electric vehicles. The very compact and multifunctional thermal management module is designed to integrate several components – including the innovative eCompressor, electronic expansion valve block, a combined water-cooled condenser, and internal heat exchanger, chiller, A/C lines, and pressure and temperature sensors – into a single high power-density solution that reduces system complexity, improves thermal performance, and enhances energy utilization, contributing to extended driving range. The highly integrated cooling entity developed by Hanon Systems was first deployed in BMW's fully electric iX3 SUV model. Designed for electric vehicles, the highly integrated cooling entity manages the thermal needs of multiple vehicle subsystems through an intelligent thermal management module. Weighing only 16 kg (35lbs), the system dynamically regulates refrigerant flow and temperature to optimally support real-time demands such a fast charging, high-performance driving, and extreme weather, all while minimizing energy usage. In addition, the module includes design elements related to noise, vibration and harshness (NVH), such as vibration isolation components and a sound cover. This design facilitates scalable production and efficient vehicle assembly, supporting adaptability to a wide range of battery electric vehicles platforms.Buy Or Sell Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock has risen 30% to ₩3,850. The fair value is estimated to be ₩4,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company became loss making.New Risk • Feb 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).공시 • Feb 13Hanon Systems, Annual General Meeting, Mar 26, 2026Hanon Systems, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Korea분석 기사 • Feb 03Investors Appear Satisfied With Hanon Systems' (KRX:018880) ProspectsWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...Buy Or Sell Opportunity • Jan 26Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to ₩3,305. The fair value is estimated to be ₩4,186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company became loss making.공시 • Jan 20Hanon Systems to Report Fiscal Year 2025 Results on Feb 03, 2026Hanon Systems announced that they will report fiscal year 2025 results at 3:00 PM, Korea Standard Time on Feb 03, 2026New Risk • Jan 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding).분석 기사 • Dec 12An Intrinsic Calculation For Hanon Systems (KRX:018880) Suggests It's 28% UndervaluedKey Insights The projected fair value for Hanon Systems is ₩4,982 based on 2 Stage Free Cash Flow to Equity Hanon...분석 기사 • Nov 27When Should You Buy Hanon Systems (KRX:018880)?While Hanon Systems ( KRX:018880 ) might not have the largest market cap around , it led the KOSE gainers with a...Reported Earnings • Nov 19Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₩81.00 (up from ₩26.35 loss in 3Q 2024). Revenue: ₩2.71t (up 8.2% from 3Q 2024). Net income: ₩54.7b (up ₩68.9b from 3Q 2024). Profit margin: 2.0% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Nov 13Now 21% undervaluedOver the last 90 days, the stock has risen 28% to ₩4,050. The fair value is estimated to be ₩5,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company became loss making.공시 • Nov 05Hanon Systems Joins Hankook & Company Group to Showcase Thermal Management Technologies At Apex 2025Hanon Systems announced that it will participate in the AAPEX 2025 exhibition in Las Vegas, USA, from November 4 to 6, marking the company's first joint exhibition with Hankook & Company Group affiliates. Through this platform, Hanon Systems aims to showcase its latest advancements in thermal management solutions, reinforcing its position as a global leader in automotive innovation that supports both OEMs and the aftermarket. Participation with Hankook & Company group affiliates also serves to strengthen brand awareness and foster strategic partnerships across North and Latin American markets. The Hanon Systems exhibition area will feature six themed zones: HVAC systems, compressors, coolant and refrigerant modules, heat exchangers, electronic & fluid pressure products, and PACE award-winning technologies. At the booth entrance, a vehicle mock-up will demonstrate the Group's comprehensive integrated solutions, incorporating Hanon Systems' 4th-generation heat pump system, Hankook Tire's iON evo formula E edition, and Hankook & Company's ES Division AGM battery. Hanon Systems' 4th -generation heat pump system, first applied to the Kia EV3, is the world's first to feature a parallel heat-source recovery structure that simultaneously utilizes ambient air and waste heat from the motor and battery. This innovation design enhances cabin comfort and battery thermal efficiency, contributing to extended driving range for electric vehicles (EVs). An advanced controller further optimizes performance by integrating hardware and software to efficiently manage the vehicle's thermal system. The booth will also showcase a range of eco-friendly EV components utilizing natural refrigerants, including Hanon Systems' R744-based electric compressor and R290-based refrigerant modules. The R744 electric compressor, supplied to the Volkswagen Group's MEB platform, achieved a major production milestone of one million units in September 2025. In the PACE Award zone, visitors can see the company's visible-light LED photocatalyst HVAC technology, designed to enhance in-vehicle air quality through advanced sterilization and deodorization. This innovative delivers 98.5% sterilization and 97.5% deodorization efficiency, while generating zero electromagnetic interference and offering semi-per permanent durability compared with conventional ionizers.Price Target Changed • Nov 04Price target increased by 10% to ₩3,628Up from ₩3,284, the current price target is an average from 20 analysts. New target price is 18% below last closing price of ₩4,430. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₩60.39 next year compared to a net loss per share of ₩659 last year.New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding).분석 기사 • Oct 16Investors Still Waiting For A Pull Back In Hanon Systems (KRX:018880)With a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...공시 • Oct 15Hanon Systems to Report Q3, 2025 Results on Oct 29, 2025Hanon Systems announced that they will report Q3, 2025 results on Oct 29, 2025공시 • Sep 24Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion.Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 278,000,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Security Name: Common Stock Security Type: Common Stock Securities Offered: 69,500,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Transaction Features: ESOP Related Offering; Rights Offering분석 기사 • Sep 16Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...Price Target Changed • Aug 20Price target decreased by 7.9% to ₩3,433Down from ₩3,728, the current price target is an average from 18 analysts. New target price is 5.4% below last closing price of ₩3,630. Stock is down 11% over the past year. The company is forecast to post a net loss per share of ₩67.75 next year compared to a net loss per share of ₩659 last year.Major Estimate Revision • Aug 16Consensus estimates of losses per share improve by 50%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩10.5b to ₩10.8b. EPS estimate increased from -₩89.92 per share to -₩45.00 per share. Auto Components industry in South Korea expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at ₩3,711. Share price fell 7.7% to ₩3,160 over the past week.공시 • Aug 07Hanon Systems to Report First Half, 2025 Results on Aug 14, 2025Hanon Systems announced that they will report first half, 2025 results on Aug 14, 2025분석 기사 • Aug 01Hanon Systems (KRX:018880) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Major Estimate Revision • May 09Consensus EPS estimates fall by 66%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -₩57.21 to -₩94.81 per share. Revenue forecast unchanged at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 8.6% next year. Consensus price target broadly unchanged at ₩3,995. Share price fell 5.1% to ₩3,335 over the past week.Major Estimate Revision • Apr 24Consensus EPS estimates upgraded to ₩57.21 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -₩63.73 to -₩57.21 per share. Revenue forecast steady at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at ₩4,080. Share price rose 5.0% to ₩3,555 over the past week.공시 • Apr 18Hanon Systems to Report Q1, 2025 Results on May 08, 2025Hanon Systems announced that they will report Q1, 2025 results on May 08, 2025분석 기사 • Apr 09Hanon Systems' (KRX:018880) Share Price Is Still Matching Investor Opinion Despite 25% SlumpThe Hanon Systems ( KRX:018880 ) share price has fared very poorly over the last month, falling by a substantial 25...Reported Earnings • Mar 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: ₩659 loss per share (down from ₩109 profit in FY 2023). Revenue: ₩10.00t (up 5.0% from FY 2023). Net loss: ₩353.9b (down ₩412.0b from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.공시 • Mar 01Hanon Systems, Annual General Meeting, Mar 31, 2025Hanon Systems, Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Korea공시 • Feb 17Hanon Systems Provides Earnings Guidance for the Full Year 2025Hanon Systems provided earnings guidance for the full year 2025. The company expects that there will be no difficulty achieving sales exceeding KRW 10 trillion in 2025, and the operating margin is expected to improve gradually. In 2025, the company will continue improving profitability and cash flow, strengthening accountability in management through the rollout of a new regional organization structure, and enhancing management efficiency through successful integration. The company has established specific implementation plans to achieve these goals.Board Change • Feb 01High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Outside Director Lee Paik is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Jan 26Hanon Systems to Report Q4, 2024 Results on Feb 13, 2025Hanon Systems announced that they will report Q4, 2024 results on Feb 13, 2025New Risk • Jan 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).공시 • Jan 07Hanon Systems Appoints Soo Il Lee as CEOOn January 3, 2025, Hanon Systems held an extraordinary general meeting at its headquarters in Daejeon, South Korea, appointing Soo Il Lee, Vice Chairman of Hankook Tire, as its new CEO. With a 37-year career at Hankook Tire, Mr. Lee is seen as the ideal leader to integrate Hankook & Company Group's successful DNA into Hanon Systems. Joining Hankook Tire in 1987, he held various executive positions such as Head of Marketing, Americas Regional Director, China Regional Director, and Business Operations Director. He served as President & CEO from 2018 and as Vice Chairman from 2024.공시 • Dec 25Hanon Systems announced that it has received KRW 600.000002728 billion in funding from Hankook Tire & Technology Co., Ltd.On December 23, 2024, the company has closed the transaction.Upcoming Dividend • Dec 20Upcoming dividend of ₩68.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 18 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.7%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.6%).분석 기사 • Dec 14Hanon Systems (KRX:018880) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Nov 23Market Participants Recognise Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...Price Target Changed • Nov 14Price target decreased by 7.6% to ₩4,673Down from ₩5,059, the current price target is an average from 22 analysts. New target price is 13% above last closing price of ₩4,145. Stock is down 42% over the past year. The company is forecast to post earnings per share of ₩15.82 for next year compared to ₩95.54 last year.분석 기사 • Nov 01Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...분석 기사 • Sep 09Is Hanon Systems (KRX:018880) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Aug 16Investors Interested In Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...Price Target Changed • Aug 10Price target decreased by 7.9% to ₩5,630Down from ₩6,117, the current price target is an average from 23 analysts. New target price is 48% above last closing price of ₩3,800. Stock is down 60% over the past year. The company is forecast to post earnings per share of ₩73.23 for next year compared to ₩95.54 last year.Major Estimate Revision • Aug 09Consensus EPS estimates fall by 82%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩262 to ₩46.97 per share. Revenue forecast steady at ₩9.91b. Net income forecast to grow 520% next year vs 21% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩6,210 to ₩5,804. Share price fell 13% to ₩3,800 over the past week.공시 • Aug 08Hanon Systems Develops First 4th Generation Heat Pump System for Electric VehiclesHanon Systems has announced the development of the world's first 4th generation heat pump system, a key thermal management component for electric vehicles (EVs). The 4th generation heat pump system has been commercially available since July. The company's 4th generation heat pump system is the first to employ a parallel heat source recovery method, utilizing waste heat from the motor and battery as well as heat from external air. The recovered heat is used for both heating and cooling, as well as battery temperature management, significantly enhancing EV driving range. This modular heat pump system incorporates multiple new features that represent patented or patent pending technologies, demonstrating the thermal management leadership of Hanon Systems. The system integrates the Refrigerant Control Module (RCM) and the Coolant Control Module (CCM) into a unified control unit, allowing comprehensive management of the entire thermal system. Additionally, Hanon Systems has introduced Thin HVAC (Heating, Ventilation, and Air Conditioning). technology, a world first. Thin HVAC, as the name suggests, refers to a 'reduced' HVAC system. By reducing the overall HVAC system size by approximately 30%, it minimizes the exposure of the HVAC system area under the cockpit (dashboard component module), providing more legroom for passengers. This technology also ensures a comfortable and pleasant driving experience.공시 • Jul 17Hanon Systems to Report Q2, 2024 Results on Aug 08, 2024Hanon Systems announced that they will report Q2, 2024 results on Aug 08, 2024New Risk • May 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 0.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin).Major Estimate Revision • May 11Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩378 to ₩291 per share. Revenue forecast steady at ₩9.89b. Net income forecast to grow 219% next year vs 49% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩6,796. Share price fell 12% to ₩5,710 over the past week.Buy Or Sell Opportunity • May 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩5,620. The fair value is estimated to be ₩7,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 49% per annum over the same time period.분석 기사 • May 05Getting In Cheap On Hanon Systems (KRX:018880) Might Be DifficultHanon Systems' ( KRX:018880 ) price-to-earnings (or "P/E") ratio of 67.9x might make it look like a strong sell right...Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩6,470, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,800 per share.분석 기사 • Apr 22Be Wary Of Hanon Systems (KRX:018880) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...공시 • Apr 19Hanon Systems to Report Q1, 2024 Results on May 09, 2024Hanon Systems announced that they will report Q1, 2024 results on May 09, 2024Valuation Update With 7 Day Price Move • Apr 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩5,020, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,006 per share.분석 기사 • Apr 06Is There Now An Opportunity In Hanon Systems (KRX:018880)?Hanon Systems ( KRX:018880 ), is not the largest company out there, but it received a lot of attention from a...분석 기사 • Mar 23Is Hanon Systems (KRX:018880) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Upcoming Dividend • Mar 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.2%).Price Target Changed • Mar 18Price target decreased by 8.2% to ₩7,471Down from ₩8,143, the current price target is an average from 20 analysts. New target price is 26% above last closing price of ₩5,940. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩395 for next year compared to ₩95.54 last year.Reported Earnings • Mar 09Full year 2023 earnings released: EPS: ₩96.00 (vs ₩38.00 in FY 2022)Full year 2023 results: EPS: ₩96.00 (up from ₩38.00 in FY 2022). Revenue: ₩9.56t (up 11% from FY 2022). Net income: ₩51.0b (up 150% from FY 2022). Profit margin: 0.5% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.공시 • Feb 15Hanon Systems, Annual General Meeting, Mar 28, 2024Hanon Systems, Annual General Meeting, Mar 28, 2024, at 09:00 Korea Standard Time. Location: The main conference room of the executive office at the headquarters of Hanon Systems Shinilseo-ro 95, Daedeok-gu, Daejeon, Korea Daejeon South Korea Agenda: To consider the Audit report, Business report; to consider Report on the operating condition of the internal accounting control system; to consider and approve Financial Statements and allocation of Retained Earnings; to consider and elect three non-executive directors, and three outside directors; to consider and elect two Audit Committee members; and to consider and approve 2024 total remuneration limit for directors.Major Estimate Revision • Feb 15Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩468 to ₩328 per share. Revenue forecast steady at ₩9.87b. Net income forecast to grow 158% next year vs 66% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩7,896 to ₩7,718. Share price was steady at ₩6,370 over the past week.Buy Or Sell Opportunity • Feb 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ₩6,380. The fair value is estimated to be ₩8,004, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 52% per annum over the same time period.Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Vice Chairman & Executive Advisor Jay Son was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Jan 25Hanon Systems to Report Q4, 2023 Results on Feb 14, 2024Hanon Systems announced that they will report Q4, 2023 results at 3:00 PM, Korea Standard Time on Feb 14, 2024공시 • Jan 24Hanon Systems Production of R744 eCompressors Surpasses 500,000 Units in PortugalHanon Systems announced its automotive compressor plant in Palmela, Portugal, has surpassed a milestone production level of more than 500,000 electric compressors (eCompressors) designed specifically for use with R744, an environmentally friendly refrigerant. The Palmela plant is located in the Setúbal District, about 25 kilometers (16 miles) south of Lisbon, the capital city of Portugal. It opened in 1998 producing mechanical scroll compressors and production of its first eCompressor began in 2009. In 2018, the plant expanded with a new two-story construction adding approximately 10,000 square meters (108,000 square feet) of space and increasing the annual production capacity to support the industry's migration toward e mobility and address the demand for eCompressors. High volume manufacturing of the R744 eCompressor began at the Palmela plant in late-2019. R744 is an environmentally-friendly alternative to traditional refrigerants with a global warming potential (GWP) of one. Often referred to as carbon dioxide or CO2, R744 is preferred by certain automakers, primarily in Europe, for its improved heating performance in heat pump systems, which is quickly becoming mainstream technology in battery electric vehicle (BEV) applications. Hanon Systems has decades of experience developing thermal solutions that operate with various refrigerants. Aside from R744 solutions, others include R290 (also known as propane), and traditional refrigerants such as R134a and R1234yf.Buying Opportunity • Jan 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ₩8,212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.Upcoming Dividend • Dec 20Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.0%).Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be ₩8,749, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.New Risk • Nov 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 255% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).Buying Opportunity • Nov 12Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be ₩9,319, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.공시 • Oct 27Hanon Systems to Report Q3, 2023 Final Results on Nov 09, 2023Hanon Systems announced that they will report Q3, 2023 final results on Nov 09, 2023Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩7,820, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,914 per share.Upcoming Dividend • Sep 19Upcoming dividend of ₩90.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 26 September 2023. Payment date: 23 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.4%). Higher than average of industry peers (2.0%).Major Estimate Revision • Aug 12Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩447 to ₩548. Revenue forecast steady at ₩9.56b. Net income forecast to grow 571% next year vs 39% growth forecast for Auto Components industry in South Korea. Consensus price target up from ₩10,224 to ₩10,805. Share price rose 13% to ₩9,610 over the past week.공시 • Aug 02Hanon Systems Has Announces Executive ChangesHanon Systems has announced the resignation of Min Suk Sung from the position of CEO. The company is planning to name Nurdal Kucukkaya and Ramachandran (Subu) Nagasubramony as co-CEOs to head the company, pending board of director approval to be confirmed at the upcoming regular meeting on August 10. Kucukkaya is serving as a representative executive officer of the company and Nagasubramony is serving as the company's chief financial officer (CFO) since January 1, 2019.공시 • Jul 31Hanon Systems Announces the Resignation of Min Suk Sung as CEOHanon Systems announced that CEO, Min Suk Sung has tendered his resignation, effective July 31, 2023.Upcoming Dividend • Jun 22Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.1%).Major Estimate Revision • May 12Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩9.09b to ₩9.32b. EPS estimate fell from ₩505 to ₩427 per share. Net income forecast to grow 1,025% next year vs 37% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,795. Share price rose 3.9% to ₩9,690 over the past week.Reported Earnings • Mar 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₩38.00 (down from ₩578 in FY 2021). Revenue: ₩8.63t (up 17% from FY 2021). Net income: ₩20.4b (down 93% from FY 2021). Profit margin: 0.2% (down from 4.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 77%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.2%).Major Estimate Revision • Feb 12Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩9.20b to ₩9.06b. EPS estimate also fell from ₩544 per share to ₩464 per share. Net income forecast to grow 45% next year vs 16% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,553. Share price fell 8.6% to ₩8,770 over the past week.공시 • Jan 19Hanon Systems to Report Q4, 2022 Results on Feb 09, 2023Hanon Systems announced that they will report Q4, 2022 results on Feb 09, 2023Upcoming Dividend • Dec 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.3%).Reported Earnings • Nov 18Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₩32.00 (down from ₩95.00 in 3Q 2021). Revenue: ₩2.20t (up 29% from 3Q 2021). Net income: ₩16.8b (down 67% from 3Q 2021). Profit margin: 0.8% (down from 3.0% in 3Q 2021). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.Price Target Changed • Nov 16Price target decreased to ₩10,018Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 15% above last closing price of ₩8,700. Stock is down 37% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.Price Target Changed • Nov 13Price target decreased to ₩10,500Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 27% above last closing price of ₩8,300. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.Major Estimate Revision • Nov 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.44b to ₩8.62b. EPS estimate fell from ₩328 to ₩232 per share. Net income forecast to grow 39% next year vs 30% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩11,383 to ₩11,041. Share price rose 4.6% to ₩8,190 over the past week.공시 • Oct 20Hanon Systems to Report Q3, 2022 Results on Nov 09, 2022Hanon Systems announced that they will report Q3, 2022 results on Nov 09, 2022Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩8,320, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,933 per share.Upcoming Dividend • Sep 22Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 24 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Within top quartile of South Korean dividend payers (3.1%). Higher than average of industry peers (2.1%).Buying Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be ₩13,626, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 40% in the next 2 years.Major Estimate Revision • Aug 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.17b to ₩8.42b. EPS estimate fell from ₩464 to ₩287 per share. Net income forecast to shrink 24% next year vs 27% growth forecast for Auto Components industry in South Korea . Consensus price target broadly unchanged at ₩12,311. Share price rose 2.3% to ₩11,000 over the past week.Price Target Changed • Jun 08Price target decreased to ₩13,760Down from ₩14,855, the current price target is an average from 20 analysts. New target price is 23% above last closing price of ₩11,200. Stock is down 35% over the past year. The company is forecast to post earnings per share of ₩502 for next year compared to ₩578 last year.공시 • Apr 20Hanon Systems to Report Q1, 2022 Results on May 11, 2022Hanon Systems announced that they will report Q1, 2022 results on May 11, 2022Buying Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ₩14,361, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 6.0%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Within top quartile of South Korean dividend payers (2.6%). Higher than average of industry peers (2.1%).이익 및 매출 성장 예측KOSE:A018880 - 애널리스트 향후 추정치 및 과거 재무 데이터 (KRW Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202812,354,793352,680701,6671,014,7501012/31/202711,802,469272,600616,080950,5361712/31/202611,279,066212,151636,250852,618183/31/202611,014,647-107,92024,730387,613N/A12/31/202510,883,728-198,546-377,638112,337N/A9/30/202510,716,839-301,837-396,106130,308N/A6/30/202510,510,920-370,742-276,772320,781N/A3/31/202510,211,401-386,240-141,196549,347N/A12/31/20249,998,723-353,940-171,626569,254N/A9/30/20249,919,461-87,897-60,511687,031N/A6/30/20249,730,966-120,385-659,723173,707N/A3/31/20249,585,91122,428-403,475395,451N/A12/31/20239,521,62858,026-280,764517,356N/A9/30/20239,410,52778,040-150,758620,486N/A6/30/20239,294,797141,574139,147827,624N/A3/31/20238,987,91244,612-403,737288,689N/A12/31/20228,627,72820,438-263,348378,310N/A9/30/20228,208,601152,539-207,765407,595N/A6/30/20227,717,248186,617-34,392551,487N/A3/31/20227,462,579269,3736,692636,659N/A12/31/20217,351,424308,51532,729636,307N/A9/30/20217,526,480292,601130,910734,131N/A6/30/20217,723,688290,891446,3131,073,094N/A3/31/20217,067,015135,145350,790924,798N/A12/31/20206,872,833110,368194,610795,571N/A9/30/20206,732,795140,514153,876748,220N/A6/30/20206,691,239166,742-177,436444,303N/A3/31/20207,399,924296,60354,141690,767N/A12/31/20197,154,153318,537N/A778,377N/A9/30/20196,805,489293,084N/A395,191N/A6/30/20196,365,442270,857N/A532,477N/A3/31/20195,979,733270,323N/A512,611N/A12/31/20185,937,585277,639N/A471,265N/A9/30/20185,749,561263,547N/A623,617N/A6/30/20185,668,689283,654N/A460,068N/A3/31/20185,523,593280,516N/A415,711N/A12/31/20175,585,673288,563N/A566,651N/A9/30/20175,662,931306,403N/A495,647N/A6/30/20175,607,054302,071N/A488,889N/A3/31/20175,724,583294,981N/A501,283N/A12/31/20165,703,715292,125N/A389,170N/A9/30/20165,662,694267,065N/A403,915N/A6/30/20165,708,781240,515N/A352,504N/A3/31/20165,610,811241,949N/A329,194N/A12/31/20155,558,081230,509N/A447,516N/A9/30/20155,518,210222,129N/A346,468N/A6/30/20155,459,461234,892N/A359,725N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: A018880 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(3.1%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: A018880 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: A018880 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: A018880 의 수익(연간 4.2%)이 KR 시장(연간 16.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: A018880 의 수익(연간 4.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: A018880의 자본 수익률은 3년 후 6.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YAutomobiles 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 18:32종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Hanon Systems는 30명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Paul HwangBarclaysSunho YunBofA Global ResearchP. K. ParkCGS International27명의 분석가 더 보기
Price Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.
Price Target Changed • Nov 04Price target increased by 10% to ₩3,628Up from ₩3,284, the current price target is an average from 20 analysts. New target price is 18% below last closing price of ₩4,430. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₩60.39 next year compared to a net loss per share of ₩659 last year.
Price Target Changed • Aug 20Price target decreased by 7.9% to ₩3,433Down from ₩3,728, the current price target is an average from 18 analysts. New target price is 5.4% below last closing price of ₩3,630. Stock is down 11% over the past year. The company is forecast to post a net loss per share of ₩67.75 next year compared to a net loss per share of ₩659 last year.
Major Estimate Revision • Aug 16Consensus estimates of losses per share improve by 50%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩10.5b to ₩10.8b. EPS estimate increased from -₩89.92 per share to -₩45.00 per share. Auto Components industry in South Korea expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at ₩3,711. Share price fell 7.7% to ₩3,160 over the past week.
Major Estimate Revision • May 09Consensus EPS estimates fall by 66%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -₩57.21 to -₩94.81 per share. Revenue forecast unchanged at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 8.6% next year. Consensus price target broadly unchanged at ₩3,995. Share price fell 5.1% to ₩3,335 over the past week.
Major Estimate Revision • Apr 24Consensus EPS estimates upgraded to ₩57.21 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -₩63.73 to -₩57.21 per share. Revenue forecast steady at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at ₩4,080. Share price rose 5.0% to ₩3,555 over the past week.
Price Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.
New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
공시 • Apr 15Hanon Systems to Report Q1, 2026 Results on Apr 30, 2026Hanon Systems announced that they will report Q1, 2026 results on Apr 30, 2026
공시 • Apr 01Hanon Systems Supplies Highly Integrated Cooling Entity for Electric VehiclesHanon Systems announced the company is supplying its innovative highly integrated cooling entity for electric vehicles. The very compact and multifunctional thermal management module is designed to integrate several components – including the innovative eCompressor, electronic expansion valve block, a combined water-cooled condenser, and internal heat exchanger, chiller, A/C lines, and pressure and temperature sensors – into a single high power-density solution that reduces system complexity, improves thermal performance, and enhances energy utilization, contributing to extended driving range. The highly integrated cooling entity developed by Hanon Systems was first deployed in BMW's fully electric iX3 SUV model. Designed for electric vehicles, the highly integrated cooling entity manages the thermal needs of multiple vehicle subsystems through an intelligent thermal management module. Weighing only 16 kg (35lbs), the system dynamically regulates refrigerant flow and temperature to optimally support real-time demands such a fast charging, high-performance driving, and extreme weather, all while minimizing energy usage. In addition, the module includes design elements related to noise, vibration and harshness (NVH), such as vibration isolation components and a sound cover. This design facilitates scalable production and efficient vehicle assembly, supporting adaptability to a wide range of battery electric vehicles platforms.
Buy Or Sell Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock has risen 30% to ₩3,850. The fair value is estimated to be ₩4,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Feb 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
공시 • Feb 13Hanon Systems, Annual General Meeting, Mar 26, 2026Hanon Systems, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Korea
분석 기사 • Feb 03Investors Appear Satisfied With Hanon Systems' (KRX:018880) ProspectsWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
Buy Or Sell Opportunity • Jan 26Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to ₩3,305. The fair value is estimated to be ₩4,186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company became loss making.
공시 • Jan 20Hanon Systems to Report Fiscal Year 2025 Results on Feb 03, 2026Hanon Systems announced that they will report fiscal year 2025 results at 3:00 PM, Korea Standard Time on Feb 03, 2026
New Risk • Jan 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding).
분석 기사 • Dec 12An Intrinsic Calculation For Hanon Systems (KRX:018880) Suggests It's 28% UndervaluedKey Insights The projected fair value for Hanon Systems is ₩4,982 based on 2 Stage Free Cash Flow to Equity Hanon...
분석 기사 • Nov 27When Should You Buy Hanon Systems (KRX:018880)?While Hanon Systems ( KRX:018880 ) might not have the largest market cap around , it led the KOSE gainers with a...
Reported Earnings • Nov 19Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₩81.00 (up from ₩26.35 loss in 3Q 2024). Revenue: ₩2.71t (up 8.2% from 3Q 2024). Net income: ₩54.7b (up ₩68.9b from 3Q 2024). Profit margin: 2.0% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Nov 13Now 21% undervaluedOver the last 90 days, the stock has risen 28% to ₩4,050. The fair value is estimated to be ₩5,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company became loss making.
공시 • Nov 05Hanon Systems Joins Hankook & Company Group to Showcase Thermal Management Technologies At Apex 2025Hanon Systems announced that it will participate in the AAPEX 2025 exhibition in Las Vegas, USA, from November 4 to 6, marking the company's first joint exhibition with Hankook & Company Group affiliates. Through this platform, Hanon Systems aims to showcase its latest advancements in thermal management solutions, reinforcing its position as a global leader in automotive innovation that supports both OEMs and the aftermarket. Participation with Hankook & Company group affiliates also serves to strengthen brand awareness and foster strategic partnerships across North and Latin American markets. The Hanon Systems exhibition area will feature six themed zones: HVAC systems, compressors, coolant and refrigerant modules, heat exchangers, electronic & fluid pressure products, and PACE award-winning technologies. At the booth entrance, a vehicle mock-up will demonstrate the Group's comprehensive integrated solutions, incorporating Hanon Systems' 4th-generation heat pump system, Hankook Tire's iON evo formula E edition, and Hankook & Company's ES Division AGM battery. Hanon Systems' 4th -generation heat pump system, first applied to the Kia EV3, is the world's first to feature a parallel heat-source recovery structure that simultaneously utilizes ambient air and waste heat from the motor and battery. This innovation design enhances cabin comfort and battery thermal efficiency, contributing to extended driving range for electric vehicles (EVs). An advanced controller further optimizes performance by integrating hardware and software to efficiently manage the vehicle's thermal system. The booth will also showcase a range of eco-friendly EV components utilizing natural refrigerants, including Hanon Systems' R744-based electric compressor and R290-based refrigerant modules. The R744 electric compressor, supplied to the Volkswagen Group's MEB platform, achieved a major production milestone of one million units in September 2025. In the PACE Award zone, visitors can see the company's visible-light LED photocatalyst HVAC technology, designed to enhance in-vehicle air quality through advanced sterilization and deodorization. This innovative delivers 98.5% sterilization and 97.5% deodorization efficiency, while generating zero electromagnetic interference and offering semi-per permanent durability compared with conventional ionizers.
Price Target Changed • Nov 04Price target increased by 10% to ₩3,628Up from ₩3,284, the current price target is an average from 20 analysts. New target price is 18% below last closing price of ₩4,430. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₩60.39 next year compared to a net loss per share of ₩659 last year.
New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding).
분석 기사 • Oct 16Investors Still Waiting For A Pull Back In Hanon Systems (KRX:018880)With a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
공시 • Oct 15Hanon Systems to Report Q3, 2025 Results on Oct 29, 2025Hanon Systems announced that they will report Q3, 2025 results on Oct 29, 2025
공시 • Sep 24Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion.Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 278,000,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Security Name: Common Stock Security Type: Common Stock Securities Offered: 69,500,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Transaction Features: ESOP Related Offering; Rights Offering
분석 기사 • Sep 16Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Price Target Changed • Aug 20Price target decreased by 7.9% to ₩3,433Down from ₩3,728, the current price target is an average from 18 analysts. New target price is 5.4% below last closing price of ₩3,630. Stock is down 11% over the past year. The company is forecast to post a net loss per share of ₩67.75 next year compared to a net loss per share of ₩659 last year.
Major Estimate Revision • Aug 16Consensus estimates of losses per share improve by 50%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩10.5b to ₩10.8b. EPS estimate increased from -₩89.92 per share to -₩45.00 per share. Auto Components industry in South Korea expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at ₩3,711. Share price fell 7.7% to ₩3,160 over the past week.
공시 • Aug 07Hanon Systems to Report First Half, 2025 Results on Aug 14, 2025Hanon Systems announced that they will report first half, 2025 results on Aug 14, 2025
분석 기사 • Aug 01Hanon Systems (KRX:018880) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Major Estimate Revision • May 09Consensus EPS estimates fall by 66%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -₩57.21 to -₩94.81 per share. Revenue forecast unchanged at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 8.6% next year. Consensus price target broadly unchanged at ₩3,995. Share price fell 5.1% to ₩3,335 over the past week.
Major Estimate Revision • Apr 24Consensus EPS estimates upgraded to ₩57.21 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -₩63.73 to -₩57.21 per share. Revenue forecast steady at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at ₩4,080. Share price rose 5.0% to ₩3,555 over the past week.
공시 • Apr 18Hanon Systems to Report Q1, 2025 Results on May 08, 2025Hanon Systems announced that they will report Q1, 2025 results on May 08, 2025
분석 기사 • Apr 09Hanon Systems' (KRX:018880) Share Price Is Still Matching Investor Opinion Despite 25% SlumpThe Hanon Systems ( KRX:018880 ) share price has fared very poorly over the last month, falling by a substantial 25...
Reported Earnings • Mar 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: ₩659 loss per share (down from ₩109 profit in FY 2023). Revenue: ₩10.00t (up 5.0% from FY 2023). Net loss: ₩353.9b (down ₩412.0b from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
공시 • Mar 01Hanon Systems, Annual General Meeting, Mar 31, 2025Hanon Systems, Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Korea
공시 • Feb 17Hanon Systems Provides Earnings Guidance for the Full Year 2025Hanon Systems provided earnings guidance for the full year 2025. The company expects that there will be no difficulty achieving sales exceeding KRW 10 trillion in 2025, and the operating margin is expected to improve gradually. In 2025, the company will continue improving profitability and cash flow, strengthening accountability in management through the rollout of a new regional organization structure, and enhancing management efficiency through successful integration. The company has established specific implementation plans to achieve these goals.
Board Change • Feb 01High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Outside Director Lee Paik is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Jan 26Hanon Systems to Report Q4, 2024 Results on Feb 13, 2025Hanon Systems announced that they will report Q4, 2024 results on Feb 13, 2025
New Risk • Jan 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).
공시 • Jan 07Hanon Systems Appoints Soo Il Lee as CEOOn January 3, 2025, Hanon Systems held an extraordinary general meeting at its headquarters in Daejeon, South Korea, appointing Soo Il Lee, Vice Chairman of Hankook Tire, as its new CEO. With a 37-year career at Hankook Tire, Mr. Lee is seen as the ideal leader to integrate Hankook & Company Group's successful DNA into Hanon Systems. Joining Hankook Tire in 1987, he held various executive positions such as Head of Marketing, Americas Regional Director, China Regional Director, and Business Operations Director. He served as President & CEO from 2018 and as Vice Chairman from 2024.
공시 • Dec 25Hanon Systems announced that it has received KRW 600.000002728 billion in funding from Hankook Tire & Technology Co., Ltd.On December 23, 2024, the company has closed the transaction.
Upcoming Dividend • Dec 20Upcoming dividend of ₩68.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 18 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.7%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.6%).
분석 기사 • Dec 14Hanon Systems (KRX:018880) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Nov 23Market Participants Recognise Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
Price Target Changed • Nov 14Price target decreased by 7.6% to ₩4,673Down from ₩5,059, the current price target is an average from 22 analysts. New target price is 13% above last closing price of ₩4,145. Stock is down 42% over the past year. The company is forecast to post earnings per share of ₩15.82 for next year compared to ₩95.54 last year.
분석 기사 • Nov 01Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
분석 기사 • Sep 09Is Hanon Systems (KRX:018880) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Aug 16Investors Interested In Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
Price Target Changed • Aug 10Price target decreased by 7.9% to ₩5,630Down from ₩6,117, the current price target is an average from 23 analysts. New target price is 48% above last closing price of ₩3,800. Stock is down 60% over the past year. The company is forecast to post earnings per share of ₩73.23 for next year compared to ₩95.54 last year.
Major Estimate Revision • Aug 09Consensus EPS estimates fall by 82%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩262 to ₩46.97 per share. Revenue forecast steady at ₩9.91b. Net income forecast to grow 520% next year vs 21% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩6,210 to ₩5,804. Share price fell 13% to ₩3,800 over the past week.
공시 • Aug 08Hanon Systems Develops First 4th Generation Heat Pump System for Electric VehiclesHanon Systems has announced the development of the world's first 4th generation heat pump system, a key thermal management component for electric vehicles (EVs). The 4th generation heat pump system has been commercially available since July. The company's 4th generation heat pump system is the first to employ a parallel heat source recovery method, utilizing waste heat from the motor and battery as well as heat from external air. The recovered heat is used for both heating and cooling, as well as battery temperature management, significantly enhancing EV driving range. This modular heat pump system incorporates multiple new features that represent patented or patent pending technologies, demonstrating the thermal management leadership of Hanon Systems. The system integrates the Refrigerant Control Module (RCM) and the Coolant Control Module (CCM) into a unified control unit, allowing comprehensive management of the entire thermal system. Additionally, Hanon Systems has introduced Thin HVAC (Heating, Ventilation, and Air Conditioning). technology, a world first. Thin HVAC, as the name suggests, refers to a 'reduced' HVAC system. By reducing the overall HVAC system size by approximately 30%, it minimizes the exposure of the HVAC system area under the cockpit (dashboard component module), providing more legroom for passengers. This technology also ensures a comfortable and pleasant driving experience.
공시 • Jul 17Hanon Systems to Report Q2, 2024 Results on Aug 08, 2024Hanon Systems announced that they will report Q2, 2024 results on Aug 08, 2024
New Risk • May 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 0.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin).
Major Estimate Revision • May 11Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩378 to ₩291 per share. Revenue forecast steady at ₩9.89b. Net income forecast to grow 219% next year vs 49% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩6,796. Share price fell 12% to ₩5,710 over the past week.
Buy Or Sell Opportunity • May 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩5,620. The fair value is estimated to be ₩7,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 49% per annum over the same time period.
분석 기사 • May 05Getting In Cheap On Hanon Systems (KRX:018880) Might Be DifficultHanon Systems' ( KRX:018880 ) price-to-earnings (or "P/E") ratio of 67.9x might make it look like a strong sell right...
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩6,470, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,800 per share.
분석 기사 • Apr 22Be Wary Of Hanon Systems (KRX:018880) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
공시 • Apr 19Hanon Systems to Report Q1, 2024 Results on May 09, 2024Hanon Systems announced that they will report Q1, 2024 results on May 09, 2024
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩5,020, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,006 per share.
분석 기사 • Apr 06Is There Now An Opportunity In Hanon Systems (KRX:018880)?Hanon Systems ( KRX:018880 ), is not the largest company out there, but it received a lot of attention from a...
분석 기사 • Mar 23Is Hanon Systems (KRX:018880) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Upcoming Dividend • Mar 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.2%).
Price Target Changed • Mar 18Price target decreased by 8.2% to ₩7,471Down from ₩8,143, the current price target is an average from 20 analysts. New target price is 26% above last closing price of ₩5,940. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩395 for next year compared to ₩95.54 last year.
Reported Earnings • Mar 09Full year 2023 earnings released: EPS: ₩96.00 (vs ₩38.00 in FY 2022)Full year 2023 results: EPS: ₩96.00 (up from ₩38.00 in FY 2022). Revenue: ₩9.56t (up 11% from FY 2022). Net income: ₩51.0b (up 150% from FY 2022). Profit margin: 0.5% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
공시 • Feb 15Hanon Systems, Annual General Meeting, Mar 28, 2024Hanon Systems, Annual General Meeting, Mar 28, 2024, at 09:00 Korea Standard Time. Location: The main conference room of the executive office at the headquarters of Hanon Systems Shinilseo-ro 95, Daedeok-gu, Daejeon, Korea Daejeon South Korea Agenda: To consider the Audit report, Business report; to consider Report on the operating condition of the internal accounting control system; to consider and approve Financial Statements and allocation of Retained Earnings; to consider and elect three non-executive directors, and three outside directors; to consider and elect two Audit Committee members; and to consider and approve 2024 total remuneration limit for directors.
Major Estimate Revision • Feb 15Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩468 to ₩328 per share. Revenue forecast steady at ₩9.87b. Net income forecast to grow 158% next year vs 66% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩7,896 to ₩7,718. Share price was steady at ₩6,370 over the past week.
Buy Or Sell Opportunity • Feb 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ₩6,380. The fair value is estimated to be ₩8,004, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 52% per annum over the same time period.
Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Vice Chairman & Executive Advisor Jay Son was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Jan 25Hanon Systems to Report Q4, 2023 Results on Feb 14, 2024Hanon Systems announced that they will report Q4, 2023 results at 3:00 PM, Korea Standard Time on Feb 14, 2024
공시 • Jan 24Hanon Systems Production of R744 eCompressors Surpasses 500,000 Units in PortugalHanon Systems announced its automotive compressor plant in Palmela, Portugal, has surpassed a milestone production level of more than 500,000 electric compressors (eCompressors) designed specifically for use with R744, an environmentally friendly refrigerant. The Palmela plant is located in the Setúbal District, about 25 kilometers (16 miles) south of Lisbon, the capital city of Portugal. It opened in 1998 producing mechanical scroll compressors and production of its first eCompressor began in 2009. In 2018, the plant expanded with a new two-story construction adding approximately 10,000 square meters (108,000 square feet) of space and increasing the annual production capacity to support the industry's migration toward e mobility and address the demand for eCompressors. High volume manufacturing of the R744 eCompressor began at the Palmela plant in late-2019. R744 is an environmentally-friendly alternative to traditional refrigerants with a global warming potential (GWP) of one. Often referred to as carbon dioxide or CO2, R744 is preferred by certain automakers, primarily in Europe, for its improved heating performance in heat pump systems, which is quickly becoming mainstream technology in battery electric vehicle (BEV) applications. Hanon Systems has decades of experience developing thermal solutions that operate with various refrigerants. Aside from R744 solutions, others include R290 (also known as propane), and traditional refrigerants such as R134a and R1234yf.
Buying Opportunity • Jan 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ₩8,212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.
Upcoming Dividend • Dec 20Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.0%).
Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be ₩8,749, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.
New Risk • Nov 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 255% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).
Buying Opportunity • Nov 12Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be ₩9,319, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
공시 • Oct 27Hanon Systems to Report Q3, 2023 Final Results on Nov 09, 2023Hanon Systems announced that they will report Q3, 2023 final results on Nov 09, 2023
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩7,820, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,914 per share.
Upcoming Dividend • Sep 19Upcoming dividend of ₩90.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 26 September 2023. Payment date: 23 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.4%). Higher than average of industry peers (2.0%).
Major Estimate Revision • Aug 12Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩447 to ₩548. Revenue forecast steady at ₩9.56b. Net income forecast to grow 571% next year vs 39% growth forecast for Auto Components industry in South Korea. Consensus price target up from ₩10,224 to ₩10,805. Share price rose 13% to ₩9,610 over the past week.
공시 • Aug 02Hanon Systems Has Announces Executive ChangesHanon Systems has announced the resignation of Min Suk Sung from the position of CEO. The company is planning to name Nurdal Kucukkaya and Ramachandran (Subu) Nagasubramony as co-CEOs to head the company, pending board of director approval to be confirmed at the upcoming regular meeting on August 10. Kucukkaya is serving as a representative executive officer of the company and Nagasubramony is serving as the company's chief financial officer (CFO) since January 1, 2019.
공시 • Jul 31Hanon Systems Announces the Resignation of Min Suk Sung as CEOHanon Systems announced that CEO, Min Suk Sung has tendered his resignation, effective July 31, 2023.
Upcoming Dividend • Jun 22Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.1%).
Major Estimate Revision • May 12Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩9.09b to ₩9.32b. EPS estimate fell from ₩505 to ₩427 per share. Net income forecast to grow 1,025% next year vs 37% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,795. Share price rose 3.9% to ₩9,690 over the past week.
Reported Earnings • Mar 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₩38.00 (down from ₩578 in FY 2021). Revenue: ₩8.63t (up 17% from FY 2021). Net income: ₩20.4b (down 93% from FY 2021). Profit margin: 0.2% (down from 4.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 77%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.2%).
Major Estimate Revision • Feb 12Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩9.20b to ₩9.06b. EPS estimate also fell from ₩544 per share to ₩464 per share. Net income forecast to grow 45% next year vs 16% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,553. Share price fell 8.6% to ₩8,770 over the past week.
공시 • Jan 19Hanon Systems to Report Q4, 2022 Results on Feb 09, 2023Hanon Systems announced that they will report Q4, 2022 results on Feb 09, 2023
Upcoming Dividend • Dec 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.3%).
Reported Earnings • Nov 18Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₩32.00 (down from ₩95.00 in 3Q 2021). Revenue: ₩2.20t (up 29% from 3Q 2021). Net income: ₩16.8b (down 67% from 3Q 2021). Profit margin: 0.8% (down from 3.0% in 3Q 2021). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.
Price Target Changed • Nov 16Price target decreased to ₩10,018Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 15% above last closing price of ₩8,700. Stock is down 37% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.
Price Target Changed • Nov 13Price target decreased to ₩10,500Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 27% above last closing price of ₩8,300. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.
Major Estimate Revision • Nov 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.44b to ₩8.62b. EPS estimate fell from ₩328 to ₩232 per share. Net income forecast to grow 39% next year vs 30% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩11,383 to ₩11,041. Share price rose 4.6% to ₩8,190 over the past week.
공시 • Oct 20Hanon Systems to Report Q3, 2022 Results on Nov 09, 2022Hanon Systems announced that they will report Q3, 2022 results on Nov 09, 2022
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩8,320, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,933 per share.
Upcoming Dividend • Sep 22Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 24 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Within top quartile of South Korean dividend payers (3.1%). Higher than average of industry peers (2.1%).
Buying Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be ₩13,626, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 40% in the next 2 years.
Major Estimate Revision • Aug 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.17b to ₩8.42b. EPS estimate fell from ₩464 to ₩287 per share. Net income forecast to shrink 24% next year vs 27% growth forecast for Auto Components industry in South Korea . Consensus price target broadly unchanged at ₩12,311. Share price rose 2.3% to ₩11,000 over the past week.
Price Target Changed • Jun 08Price target decreased to ₩13,760Down from ₩14,855, the current price target is an average from 20 analysts. New target price is 23% above last closing price of ₩11,200. Stock is down 35% over the past year. The company is forecast to post earnings per share of ₩502 for next year compared to ₩578 last year.
공시 • Apr 20Hanon Systems to Report Q1, 2022 Results on May 11, 2022Hanon Systems announced that they will report Q1, 2022 results on May 11, 2022
Buying Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ₩14,361, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 6.0%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.
Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Within top quartile of South Korean dividend payers (2.6%). Higher than average of industry peers (2.1%).